Making Tax Digital (MTD) Bookkeeping Compliance
We help small businesses and sole traders across Cardiff get ready for Making Tax Digital, so you can meet HMRC's new quarterly reporting rules without the headache. From software setup to ongoing submissions, we keep you compliant and give you a clearer view of your finances year-round.
Everything under MTD compliance
Whether you're a sole trader, landlord, or growing business, we cover every piece of the Making Tax Digital puzzle so you can focus on what you do best.
MTD Software Setup
We help you choose, install and configure MTD-compatible software or bridging tools that fit your business and budget.
Quarterly Update Submissions
We review your digital records and submit your quarterly updates to HMRC on time, every time.
Digital Record Management
We keep your income, expenses and VAT records organised and compliant, whether you manage day-to-day or we handle it all.
Final Declaration Filing
At year-end, we file your End of Period Statement and Final Declaration, confirming your total tax liability with HMRC.
Getting ready for Making Tax Digital
From April 2026, HMRC requires sole traders and landlords with turnover over £50,000 to keep digital records and submit quarterly updates instead of an annual Self Assessment return. If you fall into that threshold, or you're close and want to get ahead, Making Tax Digital compliance means choosing the right software, keeping tidy records, and filing on time four times a year. We guide Cardiff and South Wales businesses through the whole process, from setup to your final declaration.
We start by helping you pick MTD-compatible software that suits your business, whether that's cloud accounting like Xero or QuickBooks, or bridging software if you prefer spreadsheets. Once you're set up, we show you how to capture receipts, record income and expenses, and keep everything HMRC-ready. Then every quarter we review your figures, submit your update, and keep you posted on your estimated tax position so there are no surprises come January.
You'll know exactly where you stand with your tax, every three months.
More information
Many sole traders and small business owners worry that quarterly reporting means four times the admin. In practice, it spreads the workload across the year and catches errors early, which usually makes year-end far less stressful. If you've got multiple income streams, like self-employment and rental properties, we handle separate submissions for each and make sure nothing falls through the cracks. We also support you with HMRC correspondence, software updates, and any questions that come up along the way.
Whether you're a tradesperson in Pontypridd, a salon owner in Penarth, or a landlord with a handful of properties across the Valleys, we tailor our service to your volume of transactions and how hands-on you want to be. Some clients prefer to manage their own records and have us review quarterly, while others ask us to take care of bookkeeping, reconciliations and submissions end-to-end. Either way, you get accurate, timely filings and a much clearer picture of your cash flow and profitability throughout the year.
What's included
- Software selection and setup: We help you choose MTD-compatible tools, register with HMRC's Government Gateway, and get everything connected.
- Digital record-keeping: Income, expenses, dates, descriptions and VAT (if applicable) organised in line with HMRC rules.
- Quarterly submissions: We prepare and file your updates every three months, on time and error-free.
- End of Period Statement and Final Declaration: At tax year-end, we confirm your total income and tax liability with HMRC.
- Ongoing support: Deadline reminders, estimated tax guidance, HMRC communication help, and regular check-ins to keep you on track.
If you're not sure whether MTD applies to you yet, or you want to understand what it means for your specific setup, a free consultation is the best place to start. We'll look at your turnover, income sources, and current bookkeeping, then recommend a plan that fits your budget and keeps you compliant when the rules kick in.
Worth considering
Balance Sheet
Balance sheet preparation and review, reconciled from your bookkeeping and explained clearly, so you can file accounts, plan ahead and talk to banks with confidence.
Balance Sheet→Profit & Loss Statement Preparation
Clear profit and loss statements prepared from your records, with plain-English insight into margins, overheads and true profitability for the period.
Profit & Loss Statement Preparation→Receipt Management & Paperless Accounting
Go paperless without the stress. Capture receipts by phone or email, keep them organised and matched to transactions, and make VAT and year-end accounts much simpler.
Receipt Management & Paperless Accounting→Accounts Payable & Receivable Management
Stay on top of customer invoices and supplier bills. We track debtors and creditors, chase overdue payments, schedule payments and share clear monthly summaries.
Accounts Payable & Receivable Management→Bank Reconciliation
We reconcile your bank to your bookkeeping records, fix mismatches and clear uncleared items, so your figures are reliable for VAT, accounts and cash flow.
Bank Reconciliation→QuickBooks Setup & Training
Get QuickBooks set up for your business, with bank feeds, VAT settings and invoicing, plus practical training so you can keep your books tidy each week.
QuickBooks Setup & Training→Before you book
These are the questions we hear most often from sole traders and small business owners getting ready for Making Tax Digital.
Do I need to sign up for Making Tax Digital if my turnover is under £50,000?
What software do I need and will it cost extra?
What happens at each quarterly submission?
Can you handle everything, or do I need to do my own bookkeeping?
I've got rental income and self-employment income. Does that complicate things?
What's the difference between quarterly updates and my final tax return?
When do I need to register for Making Tax Digital?
Will this service save me time at year-end?
Let's talk about Making Tax Digital
Book a free consultation and we'll walk you through what MTD means for your business, which software suits you best, and how we can keep you compliant from day one.
Book a free consultation